Barclays plans to eliminate about 5,000 jobs this year as the British bank expands its use of artificial intelligence (AI) and technology to improve productivity and reduce costs, even as third-quarter profits rose. The reductions represent about 5% of the bank’s workforce, Barclays said Thursday...
Amazon cut fewer than 1,000 white-collar jobs in the unit that oversees its main eCommerce website, Reuters reported Wednesday (Oct. 7), citing an unnamed source. The company made the cuts in customer service, selling partner services and other divisions within the Stores unit, and possibly other Amazon units, and laid...
Nonfarm payroll, employment in all major industries and the unemployment rate “changed little” in September, the Bureau of Labor Statistics (BLS) said Friday (Oct. 2) in its latest employment situation summary. Media reports characterized the numbers as a continuation of the “low hire, low fire” trend...
BMW is reportedly hoping to use AI to increase efficiency as it plans sweeping job cuts. Artificial intelligence (AI) will be a crucial part of the German carmaker’s plans to reduce costs and speed development, The Wall Street Journal (WSJ) reported Wednesday (Sept. 30) from a BMW investor...
December 03, 2024
Earlier this year, PYMNTS Intelligence found that only a minority of workers surveyed — at 20% — said that it was “very or extremely” likely that they’d switch jobs in the next year. At the same time, we noted that 83% of consumers eyed 2024 with concerns about the economy. Only 38% of consumers said […]
February 13, 2024
The intersection of artificial intelligence (AI) and the future of work is crowded and a bit confusing these days. On one hand, companies like Google and Duolingo have cut staff recently with...
January 12, 2024
From Walmart looking to be a personal shopping concierge to Amazon expanding its Buy with Prime to more platforms and leveraging tech to help consumers manage their healthcare, the two...
March 29, 2023
Tech layoffs are running rampant. With inveterate titans like Meta, Google and Microsoft laying off thousands of workers, many are beginning to wonder whether digital growth and consumers’ appetite for...
October 26, 2026
Microsoft will offer buyouts to 60,000 workers on select teams, generally ones that are not involved with data centers, sales or marketing, Bloomberg reported Monday (Oct. 26), citing a Microsoft spokesperson. The buyouts are being offered to teams in the United States, Canada, India and the United Kingdom, at the level of vice president and […]
October 22, 2026
Barclays plans to eliminate about 5,000 jobs this year as the British bank expands its use of artificial intelligence (AI) and technology to improve productivity and reduce costs, even as...
October 08, 2026
Amazon cut fewer than 1,000 white-collar jobs in the unit that oversees its main eCommerce website, Reuters reported Wednesday (Oct. 7), citing an unnamed source. The company made the cuts in customer service,...
October 02, 2026
Nonfarm payroll, employment in all major industries and the unemployment rate “changed little” in September, the Bureau of Labor Statistics (BLS) said Friday (Oct. 2) in its latest employment situation summary....